2 months on rocket

552 Madison Ave, Albany, NY, 12208

$700,000

Home List Price

$8,313*

Closing Credit

8 Bedrooms
5 Full Baths
4,608 SqFt
$152/SqFt
Multi

Location

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552 Madison Ave, Albany$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1875
HeatingRadiant
BasementYes
MLS #202424198
Lot Size0.08 Acres
StatusActive

About 552 Madison Ave

**CAN BE SOLD AS A PACKAGE WITH 558 MADISON AVENUE** Seize a rare opportunity to own 5 units ideally located on the corner of New Scotland and Madison Avenue directly across from Washington Park and Albany Medical Center. This property is an investor or owner-occupier's dream, standing two stories and containing three 1BD/1BA units and two 2BD/1BA units, floor plan included in documents. One unit is occupied and the other four are primed for cosmetic renovations. The building dons historic details such as custom-doors, a beautiful brick facade, hardwood floors, and original moldings. Properties with this character and location are scarce, so act fast to capitalize on this unique chance!

Property Details

Property Features

Property Information:

  • Architectural Style: Apartment 4 Plus Unit
  • Year Built: 1875
  • Living Area: 4,608 SqFt

Listing Office:

  • Office Name: New Scotland Realty
  • Office Phone: (518) 964-2066
  • Listing Agent: Samantha M Curry, Brendan Dal Col

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Radiant

Other

Directions Information:

  • Directions: From I-787, take exit 3B for US-20 W toward Madison Ave. Merge onto US-20 W and continue for about 1.5 miles. After passing Washington Park, turn left onto S Lake Ave, then take the next right onto Madison Ave. Your destination, 552 Madison Avenue, will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $152/SqFt

Tax Information:

  • Annual Amount: $9,109
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albany, NY.

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Albany, NY

City

Med. Sold Price

$285K

Med. Price/SqFt

$177

Avg. Days On Market

21

# of Sold Homes

119

552 Madison Ave vs Albany

87 DAYS ON ROCKET

+66 Days

$700,000

+$415K More

$152/SqFt

-$25 Less

KEY TAKEAWAY

This property is $415K more than the Median Sold Price and $25/SqFt less than other homes in Albany, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Global MLS
  • MLS Number: #202424198

Listing Office:

  • Office Name: New Scotland Realty
  • Office Phone: (518) 964-2066
  • Listing Agent: Samantha M Curry, Brendan Dal Col

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2024 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/21/2024, 2:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,109$177,400
2019$9,058$177,400
2018$8,226$177,400
2017$8,450$177,400

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-325523
4
/10

  • Thomas S O'Brien Academy of Science & Technology

  • 94 Delaware Ave

  • 0.54 miles

  • Public Magnet Grades PK-6

school-card-donut-325524
2
/10

  • Sheridan Preparatory Academy

  • 400 Sheridan Ave

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-325525
5
/10

  • Brighter Choice Charter School for Girls

  • 250 Central Ave

  • 0.59 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,202. The majority of Albany, NY residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Albany County›Albany›12208›552 Madison Ave

This home is located at 552 Madison Ave in Albany, NY and zip code 12208 in the Park South neighborhood. This 4,608 square foot home, which was built in 1875, sits on a 0.08 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $700,000.

In October 2024, from all listings sold in Albany, NY there were more than 54 sold above asking price, over 46 sold below and more than 19 were sold right at the asked price. In October 2024 in Albany, NY there were 10.2% less homes for sale than in September 2024. While the average time on the market in October 2024 was 21 days, the median list price was $285,000.

From Rocket Homes Real Estate and based on county public records data.

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